11)Three stocks have share prices of $21, $75, and $45 with total market values of $460 million, $410 million, and $210 million, respectively. If you were to construct a price-weighted index of the three stocks, what would be the index value?

Multiple Choice

• 360

• 47

• 60

• 7

• 12) An investor buys a T-bill at a bank discount quote of 4.80 with 150 days to maturity for $9800. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is _____.

  Multiple Choice

• 4.8%

• 4.97%

• 5.47%

• 5.74%